YRC Worldwide Inc (NASDAQ:YRCW) had its target price dropped by Deutsche Bank AG from $18.00 to $11.00 in a note issued to investors on Monday, May 8th. The brokerage presently has a “hold” rating on the transportation company’s stock. Deutsche Bank AG’s target price indicates a potential upside of 25.71% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Stifel Nicolaus reiterated a “positive” rating and set a $18.00 target price on shares of YRC Worldwide in a research report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. YRC Worldwide has a consensus rating of “Hold” and a consensus target price of $15.75.
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In related news, Director William Robert Davidson sold 3,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $13.11, for a total value of $49,818.00. Following the sale, the director now owns 22,357 shares in the company, valued at approximately $293,100.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott D. Ware sold 10,000 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $13.08, for a total value of $130,800.00. Following the sale, the insider now owns 46,627 shares in the company, valued at approximately $609,881.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,531 shares of company stock worth $418,573. Insiders own 3.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC boosted its stake in shares of YRC Worldwide by 13.5% in the third quarter. Chicago Equity Partners LLC now owns 272,990 shares of the transportation company’s stock worth $3,363,000 after buying an additional 32,371 shares during the period. Alambic Investment Management L.P. boosted its stake in shares of YRC Worldwide by 5.7% in the third quarter. Alambic Investment Management L.P. now owns 247,912 shares of the transportation company’s stock worth $3,054,000 after buying an additional 13,400 shares during the period. Wells Fargo & Company MN boosted its stake in shares of YRC Worldwide by 19.3% in the third quarter. Wells Fargo & Company MN now owns 44,188 shares of the transportation company’s stock worth $544,000 after buying an additional 7,158 shares during the period. First Trust Advisors LP bought a new stake in shares of YRC Worldwide during the third quarter worth approximately $223,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of YRC Worldwide by 143.7% in the third quarter. UBS Asset Management Americas Inc. now owns 39,236 shares of the transportation company’s stock worth $483,000 after buying an additional 23,136 shares during the period. Hedge funds and other institutional investors own 87.10% of the company’s stock.
About YRC Worldwide
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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